Post by sittingtight on Sept 7, 2014 23:39:50 GMT -5
Jun 25, 2008 at 12:14am
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Post by imSINGLEruRICH on Jun 25, 2008 at 12:14am
Bob's Thoughts......, Opinion and or Theory !! ....... super article...
BHollenegg
DIAMOND JEDI MASTER
CMKX...The AML FACTor« Thread Started Today at 8:59pm »
CMKM Diamonds, a pink stock company, is already being studied, analyzed, as well as, papers being written about CMKM Diamonds by law institutes. Is CMKM Diamonds being studied and analyzed for their part in the NSS and FTD situation?
CMKM Diamonds is being studied and analyzed for their part in something bigger, something that became a major challenge to the USA PATRIOT Act. A major challenge that involved the GAO (General Accounting Office), the Treasury Department, the Congress, the DOJ, the DOE (Department of Enforcement), the SEC,…a challenge that also involved Homeland Security, the FBI, the Nevada Strike Force, and the IRS. The challenge is another three-lettered word, AML…Anti Money Laundering.
How huge is the money laundering? According to the “Virginia Law Business Review“ Spring 2008, one example given, “Between 1995 and 1999, the Bank of New York allegedly earned fees of up to $240 MILLION A MONTH” just to turn a blind eye to suspicious transactions. That is $14.4 Billion Dollars for one institution. Now multiply this by several institutions. This is huge! It is also huge in the stock market industry. “Between January 2003 and January 2007, the NASD brought more than 150 enforcement actions for money laundering.”
Recall 2003 was an important year for CMKM Diamonds. Urban Casavant took certain measures to protect the company and shareholders. There was more going on than just the NSS situation. How close were those associated with CMKM transactions being watched and scrutinized? NevWest allegedly earned 36 percent of its income from CMKM Diamonds. Close enough.
The fact that CMKM Diamonds is receiving higher visibility, higher than the major stock companies and thousands of pink stock companies, gives credence that there is more to CMKX than the NSS/FTD. CMKX was part of the major challenge in identifying those involved in money laundering.
Interesting read about CMKM Diamonds and Anti Money Laundering. www.virginialawbusrev.org/VLBR3-1pdfs/Boyer.pdf
The considerable three-lettered situations with CMKX…NSS, FTD, and AML, should result in a considerable three-letter situation with the legal Shareholders... a considerable ROI
All The Best,
BHollenegg
HJRS
fined $1.9 billion
www.forbes.com/sites/timworstall/2013/08/08/hsbcs-1-9-billion-money-laundering-fine-and-the-somalian-cost-of-bank-regulation/
Sunday, September 7, 2014
WITH bank officers responsible for knowing their clients, it is considered important for them to be aware of things they may be held liable for in the event their clients are violating any laws.
www.sunstar.com.ph/cebu/business/2014/09/07/banks-reminded-due-diligence-cases-money-laundering-terror-financing-364165
August 20, 2014: 7:09 AM ET
Chartered Bank will pay $300 million
money.cnn.com/2014/08/19/news/companies/stanchart-money-laundering/
August 18, 2014 | 2:26pm
Auditing giant PriceWaterhouseCoopers is getting slapped with a $25 million fine for helping a Japanese bank launder money for terrorist states like Iran, Sudan and Myanmar.
nypost.com/2014/08/18/pricewaterhousecoopers-fined-25-million-for-role-in-terrorist-state-money-laundering/
28 August 2014, 05:33
South Africa’s big four banks have been fined R125m by the Reserve Bank
www.bdlive.co.za/business/financial/2014/08/28/banks-must-improve-their-compliance-or-risk-fines
NEW YORK Wed Sep 3, 2014 5:56pm EDT
Exclusive: Commerzbank close to settling U.S. sanctions probes
www.reuters.com/article/2014/09/03/us-commerzbank-investigation-usa-exclusi-idUSKBN0GY2LR20140903
July 7, 2011
US Treasury found that Hezbollah was laundering money through the now-defunct Lebanese Canadian Bank. A settlement deal was reached, whereby $102 million was paid to US authorities in lieu of prosecution
www.al-monitor.com/pulse/originals/2014/08/us-bill-against-hezbollah-afffect-lebanon-bank-sector.html##ixzz3Ch3urlBs
Sep 3 2014
UK at risk over Chinese money laundering
www.international-adviser.com/news/uk/uk-at-risk-over-chinese-money-laundering
August 21, 2014 9:02 pm
France, nettled by a $9bn money laundering fine for BNP Paribas, will have a following wind in challenging US extraterritoriality in bank regulation at a forthcoming G20 meeting
www.ft.com/cms/s/0/a5fa5aec-2959-11e4-8b81-00144feabdc0.html#axzz3Ch6X8jkq
In December 2012, banking giant HSBC was fined $2bn by US regulators because of its involvement with money laundering and transactions that financed terrorism. - www.businesslife.co/Features.aspx?id=getting-to-know-you#sthash.aiSbXKG4.dpuf
April 15, 2014
Court documents cite units of banks including New York-based Citigroup Inc. (C:US), Madrid-based Banco Santander SA (SAN) and London-based HSBC Holdings Plc (HSBA), as well as Sao Paulo-based Itau Unibanco Holding SA (ITUB4) and Osasco, Brazil-based Banco Bradesco SA (BBDC4) as holding accounts or executing operations linked to the alleged laundering of 10 billion reais
www.businessweek.com/news/2014-08-11/petrobras-linked-money-laundering-probe-spreads-to-banks
9/2/2014 9:49 AM
Regulators treating JPMorgan as riskier than ever
www.dailyherald.com/article/20140902/business/140909850/
Wall Street's Breach Of Trust
Sep. 5, 2014 6:32 AM ET
Overseas firms like UBS and Credit Suisse allegedly have been involved in tax evasion schemes, money laundering
seekingalpha.com/article/2473245-wall-streets-breach-of-trust